Question
Currencies U.S. dollar foreign-exchange rates. May 5, 2011 Country/currency..in US$..............per US$ British Pound.1.5347.0.6516 Norwegian Kroner.0.1690..5.9173 Thai Baht..0.0310..32.250 Mr. Charles imports light bulbs from Norway to
Currencies U.S. dollar foreign-exchange rates. May 5, 2011
Country/currency..in US$..............per US$
British Pound.1.5347.0.6516
Norwegian Kroner.0.1690..5.9173
Thai Baht..0.0310..32.250
Mr. Charles imports light bulbs from Norway to the United States. He has a contract to purchase from a Norwegian firm 10,000 light bulbs that he plans to sell in Chicago in 30 days. Assuming that futures trading exists between U.S. dollars and Norwegian Kroner, how can Mr. Charles use such a market to hedge foreign currency risk?
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Single Stock Futures For Small Speculators
Authors: Noble Drakoln
1st Edition
0966624564, 978-0966624564
